THE HBM: DNKN, MCD, CBRL

THE HEDGEYE BREAKFAST MONITOR

 

MACRO NOTES

 

China

 

China’s vast manufacturing sector expanded moderately in October to snap three months of contraction, assuaging fears that a hard landing is imminent in China.

 

Employment

 

U.S. companies’ hiring plans reflect the worst employment outlook since January 2010 as demand is slowing, according to Bloomberg news.

 

 

SUBSECTOR PERFORMANCE

 

THE HBM: DNKN, MCD, CBRL - subsector fbr

 

 

QUICK SERVICE

 

DNKN: Dunkin’ Brands has appointed Joe Uva to the Board of Directors.  Mr. Uva was most recently President and CEO of Univision Communications, Inc.

 

MCD: McDonald’s UK boss was interviewed in the Telegraph.  The article is positive, with the head of McDonald’s in the UK highlighting 22 consecutive quarters of UK sales growth as evidence of the company’s success.

 

CASUAL DINING

 

CBRL: Cracker Barrel’s biggest shareholder, Biglari Holdings, has boosted its stake to 9.9%

 

THE HBM: DNKN, MCD, CBRL - stocks 1024

 

 

Howard Penney

Managing Director

 

Rory Green

Analyst